MADISON, Wis. (5/21/15)--CUNA Mutual Group has appointed Michael G. Valentine, president/CEO, Baxter CU (BCU), Vernon Hills, Ill., to its board of directors. Valentine replaces director Eldon R. Arnold, who is retiring after more than 12 years of service.
“BCU’s strong track record of success and growth under Mike’s leadership during very challenging economic times are a testament to his success as a leader,” said Robert Trunzo, CUNA Mutual Group president/CEO. “He will be a tremendous addition to our organization and the board of directors as we continue to focus on how to serve credit unions and their members.”
Arnold is the retired CEO of Citizens Equity First CU, Peoria, Ill. During his board tenure of more than a decade, CUNA Mutual Group’s total assets increased by 62%, and its equity more than doubled, according to audited company financial figures.
“Eldon helped guide our company through many changes in our economy and the marketplace. I want to thank him for his many contributions to CUNA Mutual Group and for his strong, steady leadership, particularly as board chair these past three years,” Trunzo added.
Replacing Arnold as board chair for the CUNA Mutual Group board of directors is Robert J. Marzec. He is a retired audit partner of PricewaterhouseCoopers, an international public accounting firm. Marzec joined the board in May 2008.
Continuing members of the CUNA Mutual Group board of directors include: